Hey Lee Enterprises, I Will Be Investigating all Aspects of You Bankruptcy Dealings

"Judge OK's Lee Enterprises bankruptcy financing

By RANDALL CHASE, AP Business Writer

WILMINGTON, Del. (AP) — Newspaper company Lee Enterprises Inc. has won approval to borrow up to $40 million as it works through its prepackaged bankruptcy case.

Lee, publisher of the St. Louis Post-Dispatch and more than 40 other daily newspapers, filed for bankruptcy protection Monday with the support of lenders and note holders holding more than 95 percent of its debt. The case in U.S. Bankruptcy Court in Wilmington is designed to force the remaining lenders to go along.

Lee has said it is requesting a $40 million credit line to ensure that it has enough funds to last through its restructuring, though it doesn't expect to need it right away. The judge overseeing the case approved that Tuesday.

Most of Lee's debt stems from of its acquisition of Pulitzer Inc. in 2005."

Source
http://www.google.com/hostednews/ap/article/ALeqM5i-MdyPDgoars1B-lXU3M4X8N6UrQ?docId=49f12d3c379746a3a52fdf53839c4208

Lee in TROUBLE

Upon a random check of the LEE stock, they are barely above the 53 cent mark.  The tumble began pre-summer as the company converted their $1B in debt to higher interest rate.  That cost Lee Enterprises a cool $27M in financing a year.  For more on the LEE fuzzy math see:
 http://www.leeenterprisessucks.com/2011/09/lees-fuzzy-math.html

As a blog network, we have encouraged LEE to see a proctologist due to their stock impotence problems since May 2011.  It is the esteemed opinion that LEE Enterprises could use Viagra, since it has used the techniques of ENRON (improperly pumping their value) for more than six (6) months.  To read why Lee Enterprises needs Viagra (or Enron, or Ciallis) see:
http://www.leeenterprisessucks.com/2011/09/lee-needs-viagra.html

The company needs a good session with Dr. Drew, or Dr. Who.  Reality does not seem like Lee Enterprises friend.  The NYSE needs not make favors with LEE, it needs to start enforcing their trading rules, and kick under performing stocks like LEE off the exchange.  The 8-K filing talked of improving the stock price, and it has been nearly 30 days with a net DROP of 15-20 cents.

Lee needs to brace for impact instead of boozing it up for the holidays neglecting their duty to the NYSE to raise their price.  Do you think Mary Junck, largest stockholder doesn't want to reverse split the stock and make her fortune only finite?

Regardless, Lee Enterprises sucks, their papers are losing money, staff have no idea how to be professional, and the CEO is beyond borrowed time.  The NYSE needs to rent a roller and destroy Lee Enterprises for asking for too many favors.  Happy Holidays LEE.

Your stock is under performing, and your favors from NYSE have run out.

Lee ducks NYSE probe

Davenport, IA--Lee Enterprises a print media company has evaded the axe from the New York Stock Exchange (NYSE).  Two warnings have been issued to Lee Enterprises, but apparently the company, which publishes nearly 50 dailies in 23 states, and 300 weekly circulars is getting special treatment.

UPDATE: Lee Files 8-K paperwork with the NYSE: continued listing as refinancing continues.
read report here: http://biz.yahoo.com/e/111108/lee8-k.html

qctimes.com

Mary Junck-- Lee Enterprises CEO              

no pun intended (her corporation, her papers are junk)               

Does it surprise anyone when Marry Junck, CEO based in Davenport Iowa sits on the Associated Press board of directors as chairwoman?  Most companies who cant get their stock price up after 6 months are taken off of the Exchange in New York (NYSE).  Lee Enterprises spends an additional $27M per year towards interest just to pay off their $1B debt, and TRY to stay in business.  The financing deal may not be complete, and it did not help the stock price rise above the $1 minimum price. Lee Enterprises convinces "Seeking Alpha" to make Lee a "good buy"; special press in the Wall Street Journal.  The bottom line is that Lee cannot keep their stock above minimum trade value.

We wrote an article about Lee getting its stock price up:
http://www.leeenterprisessucks.com/2011/09/lee-needs-viagra.html

An interesting group of people are meeting up, and assembling in public.  They are occupying America.  Corporations like Lee Enterprises do more to spread propaganda than help the people.  Special favors from Wall Street indicate a boycott on Lee Enterprises newspapers are called for.

To find out which papers are published by Lee, go to:
www.Lee.net/newspapers

As a reminder, Lee Enterprises publishes weekly free publications like Autotrader, a magazine dedicated to selling your vehicle in a local market.  Please consider not supporting these weekly publications when selling your car.  Thank you for being mindful of NOT supporting corporate SCUM like Lee Enterprises, who currently feel that their corporation, is WAY more important than you.